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20 Oct 2022, 10:37 am by Donald Maurice
Court of Appeals for the Fifth Circuit on Oct. 19 held that the federal Consumer Financial Protection Bureau’s Payday Lending Rule was invalid because it was promulgated using an unconstitutional funding scheme. [read post]
19 Oct 2022, 6:57 pm by Howard Bashman
The post “CFPB Funding Method Found Unconstitutional by Federal Appeals Court; Fifth Circuit ruling tosses out the Consumer Financial Protection Bureau’s payday-lending rule” appeared first on How Appealing. [read post]
19 Oct 2022, 2:14 pm by Adam Levitin
Some of this is textual, namely “discrimination” is listed separately from UDAAP in one provision of the Consumer Financial Protection Act. [read post]
18 Oct 2022, 9:03 am by Eamonn Moran
We recently reported on recent steps taken by the Consumer Financial Protection Bureau (CFPB), which suggest increased US regulation of the Buy Now, Pay Later (BNPL) sector in the coming weeks and months. [read post]
15 Oct 2022, 9:57 am by Tom Smith
” Chopra said the Consumer Financial Protection Bureau would have to investigate the matter and would not act yet. [read post]
11 Oct 2022, 10:19 am by Michael Fausey
” ASFA also notes, contrary to CRL’s contention, that there is plenty of research on the “effects of predatory lending on consumersfinancial standing, and the benefits of responsible small dollar lending for consumers, particularly those with subprime credit scores” and that CRL’s “fallback policy of imposing interest rate caps to protect consumers” is unworkable and will result in the proliferation of… [read post]
7 Oct 2022, 6:39 am by Alex Engler
It is not meant to be universal AI guidance, and it gives relatively short shrift to other uses of AI, such as in critical infrastructure, most consumer products, and online information ecosystems. [read post]
6 Oct 2022, 5:23 pm by Brian Turetsky
On September 29, 2002, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint against online lender MoneyLion Technologies, Inc, and several dozen of its subsidiaries (collectively, “MoneyLion”), alleging violations of the Military Lending Act (“MLA). [read post]
6 Oct 2022, 9:47 am by Kristen E. Larson
§§ 1005.30 to 1005.36, and the Consumer Financial Protection Act. [read post]
6 Oct 2022, 5:16 am by Jim Dempsey
Take the performance-based emissions standards set by the Environmental Protection Agency under the Clean Air Act. [read post]
4 Oct 2022, 3:57 pm by Marx Sterbcow
  Regulation, Liabilities & Politics” which will focus on the impact of the Consumer Financial Protection Bureau’s lawsuit against Townstone Financial and how the CFPB’s regulation by political enforcement is now taking aim at the real estate brokerage and title insurance industries. [read post]
4 Oct 2022, 2:33 pm by Tom Kosakowski
Barrar comes to the position from the Consumer Financial Protection Bureau, where she was an an Associate Ombudsman at the CFPB Ombudsman’s Office. [read post]
30 Sep 2022, 7:16 am by Chris Skelton and Kara Simon
The Federal Trade Commission and the Consumer Financial Protection Bureau may bring enforcement actions when collectors violate the FDCPA. [read post]
29 Sep 2022, 9:09 pm by Tori Hawekotte
EDITOR’S CHOICE In an essay in The Regulatory Review, Rohit Chopra, director of the Consumer Financial Protection Bureau, discussed the need for structural deterrents to large financial firms who repeatedly violate the law. [read post]
29 Sep 2022, 10:41 am by Alan S. Kaplinsky
The unconstitutionality of the CFPB’s funding structure has also been raised by Populus Financial Group, Inc. in the lawsuit filed by the CFPB in July 2022 against Populus in a Texas federal district court. [read post]
29 Sep 2022, 10:22 am by Alan S. Kaplinsky
Populus Financial Group, Inc., which does business as ACE Cash Express, has filed a motion to dismiss the lawsuit filed by the CFPB in July 2022 against Populus in a Texas federal district court in which the CFPB alleges that Populus engaged in unfair, deceptive, and abusive acts or practices by concealing the option of a free repayment plan to consumers and making unauthorized debit-card withdrawals. [read post]
28 Sep 2022, 7:00 am by Kelly Goles
Today we will explore the evolution of the American funeral, and how funeral practices in the United States led to the creation of consumer protection laws that regulate goods and services in the death care industry. [read post]